Agmt16 601 Marshall Street Owner, LLC - Parking License

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ORIGINAL AMENDMENT NO. 1 TO LICENSE AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND 601 MARSHALL STREET OWNER, LLC q4 �t THIS AMENDMENT NO. 1 is entered into as 01. day of 0-60604 , 201 ta(the "Effective Date"), by and between THE CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California ("CITY"), and 601 MARSHALL STREET OWNER, LLC, a Delaware limited liability company,("LICENSEE"). RECITALS A. CITY and LICENSEE previously entered into that certain License Agreement dated April 22, 2016 ("License Agreement'), allowing Licensee to use the City Property for construction worker vehicle parking of up to 40 spaces ("License Area"). B. The license granted by the License Agreement is scheduled to terminate as of December 31, 2016. C. LICENSEE now desires an extension of time to use the City Property for construction worker vehicle parking. D. CITY has determined that extending the temporary use proposed by LICENSEE provides a common benefit to the Downtown area. E. CITY is willing to extend the term of the License Agreement on the terms set forth herein. AGREEMENT NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 1. Extension of Term. The Term of the License Agreement is extended for an additional 3 months commencing on January 1, 2017 and expiring on March 30, 2017 ("Extension Period"). 2. Capitalized Terms. Capitalized terms used herein and not otherwise defined shall have the meanings given to such terms in the License Agreement. 3. License in Effect. CITY and LICENSEE acknowledge and agree that the License Agreement, except as amended by this Amendment No. 1, remains unmodified and in full force and effect in accordance with its terms. [Signature Page Follows] ATN/AGR/2016/AMENDMENTS/AMEND NO. 1 601 MARSHALL STREET OWNER, LLC—BRADFORD PARKING REV: 12-16-16 VR Page 1 of 2